Arizona State Retirement System Has $23.67 Million Stock Holdings in Amphenol Corporation (NYSE:APH)

Arizona State Retirement System lifted its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 360,855 shares of the electronics maker's stock after buying an additional 13,756 shares during the period. Arizona State Retirement System's holdings in Amphenol were worth $23,668,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global X Japan Co. Ltd. acquired a new position in shares of Amphenol during the first quarter worth approximately $44,000. Coppell Advisory Solutions LLC acquired a new position in shares of Amphenol during the fourth quarter worth approximately $48,000. West Branch Capital LLC bought a new stake in Amphenol during the first quarter worth approximately $57,000. Colonial Trust Co SC raised its holdings in Amphenol by 342.9% during the fourth quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock worth $60,000 after purchasing an additional 672 shares in the last quarter. Finally, Bruce G. Allen Investments LLC raised its holdings in Amphenol by 174.7% during the first quarter. Bruce G. Allen Investments LLC now owns 945 shares of the electronics maker's stock worth $62,000 after purchasing an additional 601 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. TD Securities boosted their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. UBS Group boosted their target price on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Robert W. Baird boosted their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $89.15.

Amphenol Stock Up 0.4%

Shares of Amphenol stock traded up $0.43 on Friday, hitting $98.74. 6,716,903 shares of the company traded hands, compared to its average volume of 7,691,952. The company has a 50-day moving average price of $91.20 and a 200 day moving average price of $76.25. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $99.99. The company has a market cap of $119.44 billion, a PE ratio of 47.93, a PEG ratio of 2.26 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. Sell-side analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider owned 451,790 shares of the company's stock, valued at $41,307,159.70. The trade was a 38.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the transaction, the chief financial officer directly owned 100,000 shares of the company's stock, valued at approximately $7,593,000. This represents a 80.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 in the last three months. 1.67% of the stock is currently owned by company insiders.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.